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The following is information related to the defined benefit pension plan of PT. Archipelago: Plan asset (fair value) 1 January 2015 6.146.100.000 Defined benefit obligation
The following is information related to the defined benefit pension plan of PT. Archipelago:
Plan asset (fair value) 1 January 2015 6.146.100.000
Defined benefit obligation 1 January 2015 8.194.800.000
Pension asset/ liability (Cr.) 2.048.700.000
Service cost 2015 1.024.350.000
Actual return on plan assets 2015 614.610.000
Past service cost effective 1 January 2015 1.638.960.000
Contributions 2015 1.570.670.000
Benefits paid to retirees 2015 956.060.000
Discount rate 8%
Requested: Calculate pension expense in 2015 by making a pension worksheet! Journalize for retirement expense!
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